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Listed price in listed location currency (USD).
$1,100,000

000

MLS® SB26048458

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 1
Lot Size 0.2575 acres
Approx. Age 1924
MLS® Number SB26048458

Property Address: 720 King Ave, Wilmington, CA, 90744-5054

Average square foot calculated using Size range provided by listing agent.

Description

ADU Development Opportunity – 2plex + 3plex on Adjacent Lots ***Rare opportunity to acquire two properties on two side-by-side APNs with a combined lot size of 11, 218 SF zoned LARD1.5, offering significant ADU expansion potential. The site configuration and zoning present the possibility to develop 7+ additional ADUs (buyer to verify with city), making this an attractive value-add and long-term unit expansion play. ***The property currently consists of total 5 units. 2 units are vacant, in rent-ready condition, allowing a buyer to lease at market rents while planning future development. Current rents are $1, 424, $915, and $688, with additional income from on-site laundry. Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare opportunity to significantly increase density and rental income on a large multifamily lot.
MLS® NumberSB26048458
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.2575
Exterior
GarageNo
Approx. Age1924
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
720 King Ave, Wilmington, CA

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